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Sunday February 5th, 2023
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new tariff hike is expected to increase the current rate by more than 50 percent
"We have secured around 25 coal shipments for this year."
Regulator has been in a tug-of-war with CEB, minister in the last 6 months.
Sri Lanka saw long queues for cooking gas last year
Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa
The PUCSL has been critical on excess electricity tariff hike planned by CEB
CPC sells overpriced fuel, high demand projections require more expensive liquid fuel
"I will discuss this at the cabinet meeting and also take it up with the Ministry of Power & Energy."
They are paying about 385 plus rupees per litre for furnace oil
Water levels down, fuel costs up
Electricity Reforms Bill will be drafted within a month
If after raising prices in January, costs fall in July due to renewables, then we can lower the price
It is after nine years that the prices were revised
“As our president put it, when the elephants fight, it’s the grass that gets trampled."
Admin measures usually could include rate ceilings
Owes CPC and IPPs Rs148bn and banks Rs168bn
| Latest | Last | |
|---|---|---|
| US Dollar | 371.7127 | 371.6601 |
| UK Pound | 453.5962 | 453.9794 |
| Euro | 396.3156 | 396.4763 |
| Aus Dollar | 250.1862 | 251.1981 |
| Yen | 2.8251 | 2.7549 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.3961 | 4.3963 |
| Korea Won | 0.2820 | 0.2791 |
| Oman Rial | 943.2237 | 943.2268 |
| Saudi Riyal | 96.7270 | 96.7115 |
| UAE Dirham | 98.8729 | 98.8786 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,653.84 | -1.51% |
| CSE All Share | 8,420.26 | -1.04% |
| Turnover Rs million | 4,621,153,484 | 2,824,714,520 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 31.03 | 31.03 |
| 6-m bill | 29.57 | 29.60 |
| 12-m bill | 28.41 | 28.41 |
| 5-yr bond | 27.49 | 27.57 |
| 8-yr bond | 27.44 | 27.23 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
Amid currency collapse
Both diesel and kerosene had been sold at a loss before the price hike
Sri Lanka has faced short supply of coal
A 12.5kg cylinder price will be raised by Rs80 to Rs4,360
But the 2 hour power cut will return from Tuesday.
"Non placement of orders by dealers anticipating a price reduction has led to fuel stations drying up," Wijesekera said.
Some tanks could also be used for ship bunkers
Fuel price hike, forex-shortage led long fuel queues help boost LIOC's profits
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